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Analysis

Trump’s new 10% tariff threat would lead to bankruptcies, Chinese processors warn

China’s re-processing sector reacted strongly to Trump administration’s proposed 10% tariffs on $200bn worth of imports, including seafood, saying it will result in bankruptcies

By Louis Harkell | July 11, 2018 19:01 BST
Zhanjiang Guolian Aquatic Products
Zhanjiang Guolian Aquatic Products, China, October 2016. Credit: Ola Wietecha/ Undercurrent News
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Additional reporting by Tom Seaman

US president Donald Trump’s proposed new 10% tariffs on $200 billion worth of imports from China are a “bomb” for China’s seafood re-processing sector, said one top executive at a large processor in seafood processing hub of Dalian on Wednesday [...]

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